"SEATTLE, Sept. 8 /PRNewswire-FirstCall/ -- L&L International Holdings, Inc. (OTC Bulletin Board: LLFH - News; "L&L"), a U.S.-based company operating coal businesses in China, announced today it has submitted a new subsidiary application to the GuangZhou City government, to expand operations into the capital of Guangdong Province.
The new subsidiary, provisionally named as Shining Star Co. Ltd, is a step to expand L&L's energy (coal) operations into the wealthy Guangdong Province in China. L&L will have controlling interests in the new GuangZhou subsidiary with minority partners from coal leaders including a retiring General Manager of a large state-owned enterprise in China. The new subsidiary will enable the Company access to an integrated transportation network including freight shipping to increase L&L's exposure to coal buyers.
Dickson Lee, Chairman of L&L, stated: "We are excited to expand our operation from one province into multiple provinces in China. The partnership with well-respected business partners in the prosperous Guangdong province will increase our sales, customer bases, and efficiencies in the next few months."
With a strong private sector, Guangdong is a major economic center for foreign investors from Hong Kong, Taiwan, and the US. Its capital city, GuangZhou, located about 75 miles north of Hong Kong, has large port facilities with strong demands for coal and other energy.
More details on the establishment of the subsidiary, including the office location and contact information, will be disclosed as they are known."